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Virtu Financial Sells Brooklyn Heights SFR For $25.5M

Property Image
SOLD
$25,500,000

New York

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Single Family Residence11,580 SF
Sold 12/24/2020
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Property Image
SOLD

Virtu Financial Sells Brooklyn Heights SFR For $25.5M

8 Montague Terrace, Brooklyn Heights, Brooklyn, NY, USA

See Similar Deals
Single Family Residence11,580 SF
Sold 12/24/2020
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,202
Total Square Footage:11,580 SF
Transaction Type:Sale

The property at 8 Montague Terrace in Brooklyn Heights has been sold. The seller, Vincent and Teresa Viola of Virtu Financial, sold the single-family residential property for a price of $25,500,000. The property has a total square footage of 11,580, resulting in a price per square foot of $2,202. The previous sale of the property took place in January 2007 for $8 million.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $25,500,000
  • Address: 8 Montague Terrace, Brooklyn Heights
  • Market: Brooklyn Heights
  • Zoning: R6

The seller, Vincent and Teresa Viola, represented by Virtu Financial, successfully closed the transaction for the property. Vincent Viola can be seen in the accompanying image shared on Instagram. This sale marks a significant increase in value compared to the previous sale in 2007.

Players

4 deals$100.6M volume
SELLER

Vincent Viola
5 deals$103.4M volume
SELLER

Details

SOLD
IMAGE: Vincent Viola DATE: 12/24/2020 ADDRESS: 8 Montague Terrace MARKET: Brooklyn Heights ASSET TYPE: SFR ~ ZONING: R6 SELLER: Vincent & Teresa Viola - Virtu Financial PRICE: $25,500,000 SF: 11,580 ~ PPSF: $2,202 LAST SALE: $8M (01/2007)

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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